Nio trades at 14x forward revenue, while Li Auto trades at 9x, and Xpeng trades at about 16x. While Nio delivered a total of 6, vehicles in May, down 5. Although both companies reported robust year-over-year growth numbers 2x to 6xthe sequential figures are more closely tracked for fast-growing companies. However, things are probably going to get better from here. Nio, for instance, reiterated its Q2 delivery guidance of 21, to 22, vehicles, implying that it could deliver as many as will nio stock continue to rise, vehicles in June, a monthly record. This is likely an indicator that the global automotive semiconductor shortage is easing off, and also a sign that Nio is holding its own in the Chinese EV market, despite mounting competition.

Despite the recent rally, the stocks might still be worth considering at current levels. So how do these stocks compare post the correction?

While Nio and Xpeng remain pricier compared to Li Auto, they probably justify their higher valuation for a couple of reasons. Here is a bit more about these companies.

Nio remains the most richly valued of the three companies, trading at about Nio brand also has a lot more buzz, with the company viewed as the most direct rival to Tesla in China. Gross margins stood at Xpeng trades at about 10x projected revenues. Besides its higher projected growth, investors have been assigning a premium to the company due to its progress in the autonomous driving space. Xpeng currently sells the G3 SUV and the P7 sedan and its new P5 will nio stock continue to rise sedan is likely to hit the roads later this year.

Li Auto trades at just 6x projected revenues, the lowest of the three companies. Before you make any decisions that may prevent you from making money in the future, please allow me to try to explain. First, NIO is relatively new to the market, and the company only began officially making deliveries in late In addition, was a year of limited sales as the company had just started manufacturing, and then the coronavirus epidemic hit. During this time, few market participants had an appetite for a little-known EV start-up out of China.

However, as fear about the coronavirus began to die down, the EV market illustrated vital signs of recovery, and the EV wave lifted all tides, especially NIO's. I agree with Gong that NIO might need to raise more capital eventually. But if CEO William Bin Li and his team continue to execute as they have over the last several months, I don't think that NIO will have much trouble raising additional cash if and when it's needed.

Questioning will nio stock continue to rise investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. That seems to have put some pressure on Nio shares. That's particularly encouraging and a number you'd want to keep a close eye on given that the company officially entered the European market on Sept.

If that model receives a good reception there, Nio's prospects as one of the best EV stocks in the making should only get stronger. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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